One Way Holdings LLC Purchases New Position in United Parcel Service, Inc. $UPS

One Way Holdings LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the third quarter, HoldingsChannel.com reports. The fund purchased 144,501 shares of the transportation company’s stock, valued at approximately $13,502,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Woodmont Investment Counsel LLC boosted its position in shares of United Parcel Service by 14.4% in the third quarter. Woodmont Investment Counsel LLC now owns 7,586 shares of the transportation company’s stock valued at $709,000 after acquiring an additional 952 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in United Parcel Service by 306.4% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,876 shares of the transportation company’s stock valued at $1,577,000 after purchasing an additional 12,723 shares during the period. MeadowBrook Investment Advisors LLC boosted its holdings in United Parcel Service by 5.6% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 3,964 shares of the transportation company’s stock valued at $402,000 after purchasing an additional 210 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in United Parcel Service in the 3rd quarter worth $88,263,000. Finally, Ipsen Advisor Group LLC increased its holdings in shares of United Parcel Service by 2.2% during the 3rd quarter. Ipsen Advisor Group LLC now owns 6,292 shares of the transportation company’s stock worth $588,000 after purchasing an additional 133 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UPS has been the subject of a number of recent research reports. Citigroup increased their target price on United Parcel Service from $122.00 to $131.00 and gave the stock a “buy” rating in a report on Wednesday, October 28th. Truist Financial boosted their price target on shares of United Parcel Service from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. Susquehanna upped their price objective on shares of United Parcel Service from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Wells Fargo & Company raised their price objective on shares of United Parcel Service from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 28th. Finally, Bank of America lifted their target price on shares of United Parcel Service from $108.00 to $114.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $118.45.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Matthew W. Guffey sold 8,318 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total value of $876,634.02. Following the transaction, the insider directly owned 271 shares in the company, valued at approximately $28,560.69. This trade represents a 96.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $108.35 on Monday. The stock has a 50-day simple moving average of $99.19 and a 200 day simple moving average of $104.63. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 1.67. United Parcel Service, Inc. has a 12-month low of $90.84 and a 12-month high of $122.41. The stock has a market capitalization of $92.18 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.94 and a beta of 1.07.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, October 27th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.07. United Parcel Service had a net margin of 4.84% and a return on equity of 37.78%. The business had revenue of $22.90 billion for the quarter, compared to the consensus estimate of $22.27 billion. During the same quarter in the prior year, the company earned $1.74 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts anticipate that United Parcel Service, Inc. will post 7.28 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $6.56 annualized dividend and a yield of 6.1%. United Parcel Service’s dividend payout ratio is currently 126.15%.

United Parcel Service Profile

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.